Over the last 10 to 15 years, many companies have reduced their business costs and expanded their product lines though an aggressive supply chain strategy. Low-cost country sourcing, multi-tiered supplier networks and business process outsourcing are among the supply chain initiatives that companies, large and small, have employed. The benefits of these initiatives are apparent—companies are able to reduce the cost of goods, develop new markets, and free-up resources to focus on core value-adding activities. However, these benefits are often accompanied by greater supply chain complexity and exposure to new risks.
-
I am increasingly sourcing from countries and regions I am not familiar with and where social and reputation risks are increasingly catching the attention of stakeholders. How do I make sure that this will not jeopardise my overall business objectives? How can I be sure that contractors will adhere to our company's code of conduct and CSR policy?
|
In response, PricewaterhouseCoopers has developed an integrated set of diagnostic tools and related services that help clients identify, prioritise and address supply chain risk. Our capabilities address three critical areas:
